EBP2320. The Impact and Correction of Common Operational Errors

Learn about common operational errors in qualified retirement plans, the proper corrective action of those errors, the impact on plan financial statements, and an overview of the IRS and DOL correction programs from the perspective of an EBP auditor and an ERISA attorney.

Learning Objectives:

• Identify common plan operational errors and required corrective actions.
• Analyze the impact operational errors have on plan financial statements and required communications with plan management and those charged with governance.
• Recognize IRS and DOL programs to correct operational errors.